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Purepoint Uranium Group Inc.: Mobilizes at Hook Lake in Preparation for Winter Program
Purepoint Uranium Group Inc.: Mobilizes at Hook Lake in Preparation for Winter Program ...
About this update from Purepoint Uranium Group Inc.
[{"type":"text","content":"\n\n\n\nPurepoint Uranium Group Inc.: Mobilizes at Hook Lake in Preparation for Winter Program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 23, 2019\n\n\n\nTORONTO, Dec. 23, 2019 /CNW/ - Purepoint Uranium Group Inc. (TSXV: PTU) (\"Purepoint\" or the \"Company\") announced today that field crews have mobilized at the Hook Lake project in preparation for this winter's exploration program. The Hook Lake Project is a joint venture between Cameco Corporation (39.5%), Orano Canada Inc. (39.5%) and Purepoint (21%) in the Patterson Uranium District, Saskatchewan Canada. The Hook Lake project lies on the southwestern edge of Saskatchewan's Athabasca Basin and is adjacent to and on trend with recent high-grade uranium discoveries including Fission Uranium's Triple R deposit and NexGen's Arrow deposit.\n\"Our Patterson Lake camp is now open and field crews are building up lake ice using flood pumps in preparation of lake-based holes to be drilled early next year. We have awarded our drilling contract to Cyr Drilling International Ltd., who will be drilling up to 3,500 metres, and our geophysical work has been awarded to Discovery International Geophysics Inc.\", said Scott Frostad, Purepoint's Vice President of Exploration. \"The 2020 diamond drilling will continue to test high-priority targets along the Patterson Corridor including a conductive shear between the Spitfire Zone and the Dragon area as well as follow-up targets within the Hornet area. We anticipate the electromagnetic geophysical survey will provide new drill targets northeast of encouraging drill hole HK19-105 early next year, in time for consideration during this drill program\". \nAn exploration budget of $2,000,000 has been approved by the Hook Lake JV partners for 2020 that includes up to 3,500 metres of drilling in approximately seven holes and a geophysical survey (see news release from November 12, 2019). More information on the Hook Lake Project can also be viewed on the Company's website https://purepoint.ca/projects/hook-lake/.\n\nHook Lake JV Project\nThe Hook Lake ...